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REGISTERED NUMBER: 01933090 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

DATA HARVEST GROUP LIMITED

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DATA HARVEST GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr S D Allen
Mr M P Armstrong
Mr P E Robinson
Mrs K M Bak
Mr L D Grahame
Mr N S Brown





SECRETARY: Mrs K M Bak





REGISTERED OFFICE: 1 Eden Court
Eden Way
Leighton Buzzard
Bedfordshire
LU7 4FY





REGISTERED NUMBER: 01933090 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 521,095 579,364
Investments 6 - -
521,095 579,364

CURRENT ASSETS
Stocks 533,152 390,881
Debtors 7 369,609 224,910
Cash at bank and in hand 3,698 73,667
906,459 689,458
CREDITORS
Amounts falling due within one year 8 503,669 370,720
NET CURRENT ASSETS 402,790 318,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,885

898,102

CREDITORS
Amounts falling due after more than one
year

9

(318,877

)

(365,989

)

PROVISIONS FOR LIABILITIES (9,037 ) (31,024 )
NET ASSETS 595,971 501,089

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

BALANCE SHEET - continued
30 JUNE 2023

2023 2022
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 11 188,391 188,391
Share premium 12 210,460 210,460
Revaluation reserve 12 288,062 298,652
Retained earnings 12 (90,942 ) (196,414 )
SHAREHOLDERS' FUNDS 595,971 501,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





Mr S D Allen - Director


DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Data Harvest Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Data Harvest Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and equipment - straight line over 3 years

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

GOVERNMENT GRANTS
Government grants are recognised in the Income Statement so as to match them with the expenditure towards which they are intended to contribute.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 21 ) .

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Land and Plant and
buildings equipment Totals
£ £ £
COST OR VALUATION
At 1 July 2022 500,000 824,237 1,324,237
Additions - 1,982 1,982
Disposals - (380 ) (380 )
At 30 June 2023 500,000 825,839 1,325,839
DEPRECIATION
At 1 July 2022 57,144 687,729 744,873
Charge for year 19,048 40,975 60,023
Eliminated on disposal - (152 ) (152 )
At 30 June 2023 76,192 728,552 804,744
NET BOOK VALUE
At 30 June 2023 423,808 97,287 521,095
At 30 June 2022 442,856 136,508 579,364

The freehold property was valued on 30 June 2019 by the directors, based on professional advice received from independent valuers. If the freehold property were to be sold at its carrying value, taxation of £4,573 would be payable (2022 - £7,095). This amount has been included within the deferred tax provision.

If the freehold land and buildings had not been revalued, they would have been stated at their original cost of £243,588 (2022 - £243,588) less accumulated depreciation of £111,317 (2022 - £106,478).

The estimated value of the land is £100,000 (2022: £100,000) which is not depreciated.

The directors are of the opinion that there was no material difference between the carrying value of the freehold land and buildings as disclosed in these financial statements and the valuation as at the date of approval of the financial statements.

6. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The company has 100% ownership of Educational Electronics Limited, a dormant company, which has share capital of 10,000 ordinary shares of £1 each.

The company has 100% ownership of Data Harvest Limited, a dormant company, which has share capital of 100 ordinary shares of £1 each.

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 330,812 129,318
Other debtors 21,257 16,454
Taxation - 79,138
VAT 17,540 -
369,609 224,910

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other loans 47,112 43,501
Trade creditors 260,225 129,748
Social security and other taxes 14,472 15,438
VAT - 2,293
Other creditors 106,860 109,740
Directors' current accounts 75,000 70,000
503,669 370,720

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Unsecured shareholder loans 173,236 173,236
Other loans 145,641 192,753
318,877 365,989

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Other loans 192,753 236,254

The other loans are secured by a fixed charge over the freehold property and a limited floating charge over plant and equipment in the property, and also covered by personal guarantees by majority shareholders.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
188,391 Ordinary £1 188,391 188,391

DATA HARVEST GROUP LIMITED (REGISTERED NUMBER: 01933090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


12. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£ £ £ £

At 1 July 2022 (196,414 ) 210,460 298,652 312,698
Profit for the year 94,882 94,882
Realised revaluation reserve 14,209 - (14,209 ) -
Tax on revaluation (3,619 ) - 3,619 -
At 30 June 2023 (90,942 ) 210,460 288,062 407,580

Tax on revaluation represents the movement in deferred tax charge accounted for, if the freehold property were to be sold at its carrying value.

13. OTHER FINANCIAL COMMITMENTS

The company has financial commitments at 30 June 2023 of £29,885 (2022: £51,553) in respect of future payments under lease agreements. Of the total payable, £28,500 (2022: £47,500) relates to a lease for property payable at the rate of £19,000 per annum until January 2025.